Navios Logistics inaugurates iron ore facility in Uruguay

The iron ore transshipment and storage facility in Uruguay’s Nueva Palmira Free Zone can transship 10 million tons per year.    Navios South American Logistics, a subsidiary of Navios Maritime Holdings, inaugurated its newly-completed iron ore transshipment and storage facility in Uruguay’s Nueva Palmira Free Zone on Thursday.
   The facility currently sits on 150 acres, but has an additional 70 acres left for future expansion, the company said.
   Navios Logistics Chairman Angeliki Frangou said the facility was completed in four years and can transship 10 million tons per year with a loading rate of 3,900 tons per hour.
   The facility “can accommodate simultaneous loading of ocean-going vessels and unloading barges and has an initial storage capacity of not less than 700,000 tons of iron ore,” Frangou said. “The facilities include a new pier for loading ocean-going vessels, a new pier for unloading river barges, and a new mooring location for barge convoys. When the iron ore facility is fully operational, we expect to double the number of our employees to a total of 320 people.”
   Navios Logistics has a 20-year commitment to provide storage and ore transshipment services at a minimum of 4 million tons annually for Vale International S. A.